India

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    AML / KYC

    India: KYC Becomes Mandatory for All Insurance Policies

    By Editors | 08/01/2023

    KYC documents have to date not been mandatory for non-life or general insurance policies at the time of purchase.

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    Capital / Liquidity

    Indian Banks Can Withstand Even Severe Stress Conditions: RBI

    By Editors | 07/01/2023

    RBI stress tests for credit risk showed that commercial banks can meet minimum capital requirements even under severe stress situations.

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    Market Infrastructure

    RBI Working to Mitigate Risks from ESMA Decision on Indian CCPs

    By Mark Johnston | 05/01/2023

    The RBI said it is engaging with European regulators and discussing “alternate arrangements” to avert a market disruption that could result from ESMA’s derecognition of Indian CCPs.

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    SEBI to Enhance Investor Grievance Redressal Mechanism

    By Editors | 03/01/2023

    SEBI proposes to allow mediation and arbitration to be conducted entirely online and to only have a sole arbitrator rather than a panel deciding cases.

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    Securities / Derivatives

    SEBI to Review Fees and Expenses Charged by Mutual Funds

    By Editors | 03/01/2023

    SEBI will review existing regulatory provisions and market practices applicable to mutual fund fees and expenses and consider appropriate policy measures.

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    Market Infrastructure

    NSE India Receives Approval to Set Up Social Stock Exchange

    By Editors | 02/01/2023

    The social stock exchange will allow direct listings from non-profit organisations and for-profit social enterprises.

    Securities / Derivatives

    NSE Chief Pushes to Extend Trading Hours for Indian Equities

    By Editors | 30/12/2022

    Ashish Chauhan said longer hours would enable mutual funds and banks to increase participation in hedging and liquidity-providing activities.

    Market Infrastructure

    SEBI Proposes Regulatory Framework for Index Providers

    By Manesh Samtani | 29/12/2022

    Index providers could be subject to SEBI’s framework even if they do not know their indices are being used in India, and even if they are not regulated in their home market.

    ESG / Sustainability

    India Plans to Develop Carbon Market by 2026 – Report

    By Editors | 28/12/2022

    A compliance market and voluntary market will be set up, along with a stabilisation fund to support prices of carbon credits.

    ESG / Sustainability

    RBI Official Calls for Structural Changes to Scale Up Green Finance

    By Editors | 27/12/2022

    Deputy governor M Rajeshwar Rao said a formal definition of green finance and a taxonomy are needed, along with a robust ecosystem for third-party verification and assurance.

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